Fri, Apr. 29, 12:18 PM
Fri, Apr. 15, 4:57 PM
- Vermont’s attorney general asks a federal court to force Monsanto (NYSE:MON), DuPont (NYSE:DD), Syngenta (NYSE:SYT) and other big seed and food companies to turn over internal research related to “potential health or environmental impacts” of GMO crops, as well as pesticides used on them.
- The AG also is seeking from ConAgra (NYSE:CAG) and Kellogg's (NYSE:K) “consumer survey research” conducted over the past decade on GMO foods and on the use of “natural” labels on such products.
- Vermont is defending its law passed in 2014 that requires labels for some food products made from biotech crops.
Wed, Apr. 6, 7:59 AM
- Credit Suisse adds Kellogg (NYSE:K) to its Focus List to replace Mondelez International.
- Analyst R. Moskow sees higher valuation multiples in the food space and thinks F/X pressure will ease.
- The new price target on the food stock jumps to $86. Shares are rated at Outperform.
- Now read Cereal Wants To Be Your Go-To Late-Night Snack
Fri, Apr. 1, 11:32 AM
- Major food and beverage stocks Kellogg (K +0.5%), General Mills (GIS +1.8%), PepsiCo (PEP +0.6%), and Coca-Cola (KO +0.5%) all trade at or just off their all-time highs.
- Post Holdings (POST +1%) and Dr. Pepper Snapple (DPS +1.2%) are also within striking distance of their share price high marks after strong runs over the last year.
- The group of majors has outperformed some of the organic story stocks in the F&B sector as they have innovated into healthier products on their own. Many of the big names also offer generous dividend payouts.
- Now read Business Models, Great And Poor
Mon, Mar. 28, 5:14 PM
- These are stocks rated Outperform by Credit Suisse in which the bank's price target differs greatly from Street consensus.
- Agios Pharmaceuticals (NASDAQ:AGIO) has a PT of $66 at CS vs. the Street at $52.40 and current price of $37.91. Autodesk (NASDAQ:ADSK) a $100 PT vs. the Street at $63.63 and current of $57.37. Box (NYSE:BOX) a $24 PT vs. the Street at $20.14 and current of $12.18.
- Caterpillar (NYSE:CAT) a PT of $72 vs. the Street at $64.61 and current $75.29. Dunkin' Brands (NASDAQ:DNKN) a $50 PT vs. the Street at $46.16 and current $45.32. Kellogg (NYSE:K) a $82 PT vs the Street at $76.47 and current $75.44.
- Manitowoc (NYSE:MTW) a $5.10 PT vs. the Street at $4.03 and current $4.37. Nationstar Mortgage (NYSE:NSM) a $19 PT vs. the Street at $14.19 and current $9.77. Patterson (NASDAQ:PDCO) a $55 PT vs. the Street at $50.33 and current $44.66.
- Sysco (NYSE:SYY) a $50 PT vs. the Street at $43.18 and current $46.24. U.S. Steel (NYSE:X) a $22 PT vs. the Street at $10.97 and current $15.78.
- Of this group, Box, Inc. in the only one with a majority-Buy rating. Not surprisingly, CS has higher earnings estimates than consensus for both this year and next.
Wed, Mar. 23, 2:57 PM
- Overall sales at General Mills (GIS +0.6%) fells 8% - the third straight quarter of lower revenue - while cereal sales fell 2%. For the nine months ending Feb. 28, cereal sales were flat with the same period one year earlier.
- Kellogg's (K +1%) had a volume gain of 0.5% for 2015.
- Cereal sales in the U.S. have fallen about 28% over the last 15 years. "Millennials," says Amanda Topper, senior food analyst at Mintel, "are also the most likely age group to say that cereal just gives them a sugar rush in place of actual energy ... [they're] more concerned than other groups with getting sufficient protein and fiber in the morning, and they aren’t likely to see cereal satisfying that need.”
- Previously: More on General Mills' FQ3 (March 23)
- Previously: General Mills beats by $0.03, misses on revenue (March 23)
Wed, Mar. 16, 9:14 AM
- Goldman Sachs upgrades Kellogg (NYSE:K) to a Neutral rating after having the food stock trapped with a Sell rating.
- The reset from Goldman on Kellogg includes boosting the price target to $80 from $67.
- The path to improved margins has cleared up quite a bit for Kellogg in the opinion of GS analysts.
- K is +21% over the last 52 weeks. While Goldman missed out on the Kellogg rally, - Nomura, Buckingham Research, and SA contributor Individual Trader were on the right side of the trade.
Mon, Mar. 14, 9:48 AM
- Kellogg (K -0.5%) says it's in contact with law enforcement official after a video posted online over the weekend appeared to show a man urinating near an assembly line preparing Rice Krispies Treats for packaging. The unsavory incident attracted more attention on Twitter than what Kellogg would have preferred.
- The company notes the potentially impacted items seen in the video would already be past their expiration times based on the date of recording.
- Kellogg was in a labor dispute with workers at its Memphis plant during the time of the incident.
Thu, Mar. 10, 7:46 AM
Fri, Feb. 19, 1:32 PM
Thu, Feb. 11, 8:31 AM
- Sales in North America fell 8% for Kellogg (NYSE:K) in Q4.
- Sales by segment: U.S. Morning Foods to -7% $712M, U.S Snacks -7% to $750M, U.S. Specialty -4% to $269M, Latin America -34% to $190M, Europe to $612M, Asia Pacific -11% to $220M.
- Operating profit across the segments was down 12% to $368M.
- "We saw good growth in many of our businesses, and importantly, trends continued to improve in the U.S. Cereal business," noted CEO John Bryant.
- Previously: Kellogg beats by $0.04, misses on revenue (Feb. 11 2016)
- Kellogg is unchanged in premarket trading.
Thu, Feb. 11, 8:05 AM
Wed, Feb. 10, 5:30 PM
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Fri, Jan. 29, 1:41 PM
- Susquehanna notes that a strong U.S. dollar is likely to force 2016 EPS estimates lower on major global food and beverage names.
- The blended drop vs. the U.S. dollar of the Euro, Canadian Dollar, UK Pound, Mexican Peso, and Brazilian Real is -10%, analyst Pablo Zuniac. Other firms are likely to have factored in a less disruptive F/X market with their 2016 estimates.
- Companies in harm's way include KO, MDLZ, BUD, TAP, GMCR, WWAV, CCE, KHC, and K.
- Related ETF: PBJ.
Fri, Jan. 8, 8:14 AM
- Shares of Kellogg (NYSE:K) are on watch after CLSA upgrades the food stock to Outperform all the way from Underperform.
- The investment firm takes the tack that Kellogg can grow margins in cereal due to recent innovation.
- Kellogg has been a steady investment over the last year, up 7.5% with a +2.5% dividend yield to top it off. SA contributor Horizon Investments thinks Kellogg's dividend will move higher in 2016.
Dec. 8, 2015, 4:37 PM
- Credit Suisse updated its list of favorite consumer discretionary stocks after factoring in consumer spending trends.
- Apparel & Footwear: Acquisitions and a mix shift toward premium products could help lift shares of Hanesbrands (NYSE:HBI), according to the investment firm.
- Autos & Auto Parts: Magna International (NYSE:MGA) is well-positioned due the trend toward "vehicle globalization."
- Gaming & Lodging: Six Flags (NYSE:SIX) has an attractive dividend yield and could see pricing gains.
- Homebuilding & Building Products: Caesarstone (NASDAQ:CSTE) is poised to see “significant" revenue and EBITDA growth over the next several years.
- Media, Cable & Satellite: Time Warner (NYSE:TWX) is called a value pick as the underlying business looks under-appreciated if the valuation of HBO is stripped away.
- Packaged Food: The risk-reward profile on Kellogg Company (NYSE:K) sets it apart from peers.
- Retail, Broadlines & Department Stores: Consistency continues to reign supreme at Costco (NASDAQ:COST).
- Retail, Food & Drug: Comp sales are improving at Dollar General (NYSE:DG). An aggressive share repurchase strategy also provides investors a backstop.
- Retail, Hardlines: Home Depot Inc (NYSE:HD) is tapped to outperform with the right management team in the right business.
- Restaurants: Perhaps the biggest surprise of the bunch, McDonald's (NYSE:MCD) is given the nod by CS. Same-store sales improvement is expected.
Kellogg Co. operates as a food manufacturing company. It engages in the manufacturing, marketing and distribution of cereal and convenience foods, including cookies, crackers, toaster pastries, cereal bars, frozen waffles and meat alternatives. The company's brands include Kellogg's, Keebler,... More
Sector: Consumer Goods
Industry: Processed & Packaged Goods
Country: United States
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